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20121120
20121120
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CNBC 11
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English 11
Search Results 0 to 10 of about 11
CNBC
Nov 20, 2012 12:00pm EST
by the charges of the u.s. attorney. we will take you there live as well. but first, we meet the traders for the hour. steven weiss, joe and john naje najerayan, so a lot of digest. steve, you have this market rally, trying to go for a third straight day. going to be listening closely to the fed chairman in new york. >> i don't think bernanke is going to affect the rally one way or the other. what's driving the market is optimism over avoiding fiscal cliff and a deal, so the caution i would offer is that negotiations are going to make their way to the headlines and just be prepared for volatility. i think now, this allows us to move higher because the big decline we have, but at some point, you've got the say okay, we're going to get some big sells in front of the new tax laws. we've seen big dividend payments. you also have to watch dividend stocks, but it's not going to be smooth sailing going forward. >> joe, you can get some clues today on future stimulus. by the fed when he spoke speaks in manhattan. also likely get questions about the fiscal cliff. >> absolutely and i think there i
CNBC
Nov 20, 2012 4:00am EST
liquidity concerns in the market martin schultz is with us. thanks for joining us. is this a sign of things to come, a big standoff with japan? >> well, it's rather surprising that a hopeful government coming in is picking a fight with the bank of japan when they're starting off. what is happening here is that it seems that the ldp doesn't really have a growth strategy right now and the frustration in industry with the strong yen and slowdown in export is tremendous about that. >> big problems if we have unfettered money printing. would there be as he also says 30 years of deflation? >> well, one of the lessons we have here is that many different monetary policies didn't work so far. we still have an economy that is in restructuring mode with many corporations. so sony, sharp, still trying to get back on their feet. on the other hand, we also have an economy that is slinging simply by aging and what would be needed would be strong growth policies and this is what the bank of japan will be pushing when he's in office. on the other hand, deflation is there, printing more yen might be helping
CNBC
Nov 20, 2012 6:00am EST
forces claiming to have targeted 100 gaza sites. the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning. actually today fed chairman ben bernanke's speech at the economics sclub of new york is coming up at 12:15 eastern time. traders will be listening no any comments on the central bank's operation twist program and discussions about changing how the fed communicates about interest rates. operation twist expires next month. and there is some speculation the fed will continue making asset purchases by expanding the size of its $40 billion a month quantitate of it easing program. also on the economic agenda today, october housing starts released at 8:30 a.m. an
CNBC
Nov 20, 2012 4:00pm EST
if we get the huge grand bargain or not. they just don't want us going off the cliff. i think the fix is in definitely that we are not going to go over the cliff. >> all right. let's talk a bit more about that. brian, what's your take on this? >> you know, i have to agree. i think they work it out. i go back to a statement that boone pickens had on your show last week. it's really apropos. let the monkey do his thing. if you just wait, you'll get a better show. i think that's what's going to wind up happening with the market. right now we see a great opportunity going forward. >> rick santelli, what did you see today? this market finishing well off the lows. in fact, as we're settling out, it looks like we're finishing out just down seven points. had been 94. >> i agree with you. to me it makes perfect sense. i don't think there's any new information in what ben bernanke said. if you say things that imply a weak economy, the market will sell off every time you say it. the market did come back. i question both the guests' opinions. i think the fiscal cliff is important because a lot of
CNBC
Nov 20, 2012 5:00pm EST
day in negative territory as did the s&p 500. that does it for me tonight. thanks for being with us. see you tomorrow. follow me on twitter and google plus. "fast money" begins now. >>> it's that time of year to give thanks, but ben bernanke burned the turkey. >> uncertainty about how the fiscal cliff, the raising of the debt limit and the longer term budget situation will be addressed appears already to be affecting spending conditions and could contribute to the financial markets with adverse effects on the economy. >> regulators served up the yams cold. >> today another accused of insider trading. the charges unsealed today describe cheating, coming and going. first on the long side and then on the short side. on a scale that has really no historical precedent. >> and hp overcooked the books. >> has been referred to the s.e.c. and the serious fraud office in the uk. >> this is no norman rockwell painting, people. only the "fast money" gang can bring us together. let's get to it. "fast money" starts now. live from the nasdaq market site in new york city's times square i'm melissa
CNBC
Nov 20, 2012 9:00am EST
very much. we appreciate it. both come back soon. that does it for us. make sure to join us tomorrow. >>> good morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, jim cramer and david faber live from the new york stock exchange. let's get straight to our top story. a bombshell involving hewlett packard sending stocks down sharply. david broke the story. he has details. >> hewlett packard out with quarterly earnings this morning but the real story is part of that earnings release allegation the company was the victim of a massive fraud when i purchased a u.k. company, $11.1 billion deal that closed in october of last year. hp has taken 8.8 billion write-down on autonomy and 5 billion due to serious improprieties and misrepresentations and disclosure failures that occurred prior to its purchase by hewlett packard. in other words, it's fraud. after autonomy's founder and ceo michael lynch was fired by meg whitman, sources close to the company tell me a senior executive from autonomy came forward with evidence of widespread accounting misrepresentations tha
CNBC
Nov 20, 2012 1:00pm EST
from us and we will be using that at some point, at the appropriate time to begin to tight monetary policy. now, you're talking about the other direction, why don't we just cut it to zero, pay no interest on excess reserves and there thereby, get a little more accommodation? it is something we have considered repeatedly, i don't rule it out as an action in the future. the cost benefit analysis we have done in looking at it, starting where we are at 25 basis points is the following. if we cut -- if we were to cut that it interest rate from 25 basis points to zero, our estimate is that it would affect very short-term interest rates, like overnight rates by something on the order of eight or nine basis points, extremely small amount. and that, in turn, would have even a smaller effect on the interest rate wes care about like the rates on auto loans or houses, et cetera. so the stimulative effect of that action, while going in the right direction, we assess as being very, very small. on the other side you can the concern we have, or at least some have had, is that if there is no return
CNBC
Nov 20, 2012 6:00pm EST
off the personal portfolio management errors before they cost another dime for us. today we got two examples of what could go wrong in banking. if you are like me, i have both and hq and pc household printer. to finish at $11.71. best buy. the big box retailer, i have not once but twice done in the last six months. closed at $11.96. two household names that you have been lured into only to have hopes dashed into unmitigated disasters. >> the house of pain. >> what went wrong? hewl hewlett-packard was an accounting scandal. both seemed to shock investors however, if you watch this show, you should never have been in these stocks. i told you that these companies were total dogs. this morning the company was acquired for $10 million and this was stunning news. if you own hewlett-packard you were in the crosshairs of two victims. you have to sell sell sell. i kept a hand-written note, accounting irregular layerities equal sell. hewlett-packard has got to be sold. i have to tell you that you should be selling the company for ages. i believe that the culture of the company has been broken
CNBC
Nov 20, 2012 3:00pm EST
bell" will have much more on this deal. >> down 54% year to date. thank you so much for joining us today. >> i'm off tomorrow. you got here. happy thanksgiving, everybody. >> "closing bell" is next. >>> hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm marcich -- maria bartiromo the new york stock exchange. a shocking loss at hewlett-packard, damaging the entire market. the story broken here on cnbc by david faber earlier. >> this has been a really newsy day for a holiday shortened week. i'm bill griffeth. let's show you the markets, how they've been trading here. it will be pretty evident when ben baernanke made that comment that the fed doesn't have the tools to deal with the economy should we go off the fiscal cliff. down it went. we were down 94 points on the dow on the low of the session. now off that low, down 39 at 12,756. nasdaq's lower. apple is also lower today after that monster 7% plus rally yesterday. it's down about a percent right now. the nasdaq down 8-plus points. the s&p is down 3 at 1383. >> not a lot of news from the bernanke lunch ex
CNBC
Nov 19, 2012 11:00pm EST
to be a monster online retail season. please use deep in the money call options out several months if you want to play this one. i fear gigantic selloff related to multiple stocks and amazon is the highest multiple stock i follow. we've seen a huge downturn in stocks that pay dividends. now we got to question whether that may be phased in over time, too, hence the nice rise in at&t. i think they can continue if we really get a fazed in compromise for taxes and dividend income. the final tax beneficiaries are mlps. they've been selling off hard. somehow they would lose the tax favored status. just rumors, mind you. any sign a deal could be done would remove the uncertainty. lnco is down a couple points because of this fracas, paid 7.6% yield. did not catch the bottom in the stocks. you had to do that friday. that's okay. catching bottoms is very, very difficult. recognize that things may have changed. it's what's most important. how about the other side of the ledger? the spending cut. i think the biggest winner is lockheed martin. first because of the dividend, it yields 5%. the current rate o
CNBC
Nov 19, 2012 7:00pm EST
of attacks that could throw us into recession? yes. ultra leftist now calling for a 91% tax rate. it is, folks, easily the dumbest thing i have ever heard and don't forget free market capitalism is the best path to prosperity. i'm kudlow. we'll be right back. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ >> there are new signs that an end to the fighting could be close. negotiations underway with egypt, israel, and turkey in karyo. can israel really trust egypt or turkey? martin fletcher joins us now. >> larry, it's been another day of bitter fighting between palestinians and israels. they have been continuing to bombard targets in gaza. over 110 palestinians, several hundred wounded. the palestinians at a
Search Results 0 to 10 of about 11